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Article: ELECTRONICS : GREEN LIGHT FOR ERICSSON-STMICROELECTRONICS JV.
- Article from:
- Tech Europe
- Article date:
- December 2, 2009
CopyrightCOPYRIGHT 2009 Europolitics. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The creation of a joint venture between EMP, the wireless platform' business of Ericsson of Sweden, and ST-NXP, the wireless semiconductors business of STMicroelectronics of the Netherlands, is unlikely to affect competition in the sector concerned, namely the marketing of wireless platforms for mobile phones and semiconductors for mobile telecommunications. The European Commission therefore decided, on 26 November, to authorise the transaction under the EU merger regulation.
The joint venture would integrate all of EMP's activities, which consist of designing wireless platforms for the cutting-edge 3G mobile handsets (high-speed packet access - HSPA - ...